68,208 Shares in CVR Energy Inc. $CVI Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new position in shares of CVR Energy Inc. (NYSE:CVI) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 68,208 shares of the oil and gas company’s stock, valued at approximately $1,878,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVI. Royal Bank of Canada grew its holdings in shares of CVR Energy by 67.2% in the first quarter. Royal Bank of Canada now owns 14,904 shares of the oil and gas company’s stock valued at $289,000 after acquiring an additional 5,992 shares in the last quarter. AQR Capital Management LLC bought a new stake in CVR Energy during the first quarter worth $611,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CVR Energy by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,301 shares of the oil and gas company’s stock worth $394,000 after purchasing an additional 858 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in CVR Energy by 14.8% in the first quarter. Goldman Sachs Group Inc. now owns 496,650 shares of the oil and gas company’s stock worth $9,635,000 after purchasing an additional 63,909 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in CVR Energy by 34.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 273,777 shares of the oil and gas company’s stock valued at $7,351,000 after purchasing an additional 69,726 shares during the period. Hedge funds and other institutional investors own 98.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CVI. Wall Street Zen raised CVR Energy from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. UBS Group restated a “neutral” rating and set a $35.00 price target on shares of CVR Energy in a research report on Monday, June 29th. Tudor Pickering lowered shares of CVR Energy from a “hold” rating to a “sell” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of CVR Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Mizuho lifted their price objective on shares of CVR Energy from $28.00 to $29.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and a consensus price target of $30.50.

CVR Energy Stock Up 0.1%

Shares of NYSE CVI opened at $44.54 on Monday. CVR Energy Inc. has a one year low of $19.62 and a one year high of $44.65. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.42 and a quick ratio of 0.92. The business’s fifty day moving average price is $34.79 and its 200-day moving average price is $31.95. The stock has a market capitalization of $4.48 billion, a PE ratio of 65.50 and a beta of 0.85.

CVR Energy (NYSE:CVI) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. CVR Energy had a negative return on equity of 15.21% and a net margin of 0.81%.The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the firm posted ($0.23) EPS. The firm’s revenue for the quarter was up 55.5% on a year-over-year basis. On average, equities research analysts anticipate that CVR Energy Inc. will post 0.79 EPS for the current year.

CVR Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. CVR Energy’s payout ratio is 58.82%.

About CVR Energy

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.